After negotiating for more than a year, India has firmed up an order with Russia for the purchase of 42 upgraded Sukhoi-30 MKI aircraft to strengthen its aging fleet. An agreement confirming this purchase will be signed during Prime Minister Manmohan Singh's visit to Russia starting Thursday. While ...

WASHINGTON (AFP) - US cellphone giant Verizon Wireless said it will pay $3.6 billion to buy wireless spectrum from three leading cable providers which are bowing out of plans to plunge into the cellphone business. But at the same time, Verizon and the three -- Comcast, Time Warner Cable and Bright ...

Beyonce Knowles and Jay-Z may buy Ricky Martins Miami Beach mansion. The superstar couple - who are expecting their first child - went house hunting in Florida last week where they viewed Rickys $12.5 million, ocean-front mansion with an estate agent although it is unclear if they will make an ...

WASHANGTON (Reuters) - US airlines have opposed the US government's subsidies to debt-laden Indian state carrier Air India for its purchase of Boeing aircraft, the Wall Street Journal reported on Monday. The Air Transport Association (ATA), an industry body, has written to the chairman of the US ...

A US dentist is offering the buy sweets from children who go trick-or-treating this Halloween - to help save their teeth. Craig Callen, of Mansfield, Ohio, is offering kids $1 per pound of lollies - and is even throwing in a toothbrush. Children will be able to bring up to 5lbs of sweets to his ...

LONDON (AFP) - Booksellers in Britain were expecting to sell thousands of copies of Japanese author Haruki Murakamis latest novel on Tuesday after some stores held special midnight openings. Hardback versions of the book, 1Q84, went on sale across Britain and it was in second place in the hardback ...

LAHORE - Pakistan and Iran have signed a memorandum of understanding under which the latter will sell the former 1,700 MW electricity 'at reduced rates. Iran is also willing to extend more cooperation to overcome energy crisis in Pakistan. This was disclosed by Senator Lashkari Raisani while ...

WASHINGTON (Reuters) Microsoft Corp agreed to buy Internet telephone company Skype for $8.5 billion in cash in its biggest deal ever, as the technology giant seeks to plug a hole in its mobile offerings. Buying loss-making Skype would have no immediate impact on Microsofts finances, but would make ...

TWITTER is reportedly in advanced talks to acquire TweetDeck, the popular computer application used by Twitter users, in a deal worth around $50m (31m). The rumour, first reported by The Wall Street Journal, indicates that Ian Dodsworth, the British founder of TweetDeck, is close to reaching an ...

TEL AVIV (Reuters) - China National Chemical Corp (ChemChina) has now signed the deal to buy 60 percent of Israels MA Industries, it was announced on Sunday, Chinas latest move to expand in the global agricultural chemicals market. The deal, which values the worlds biggest maker of generic crop ...

The Pentagon has ordered some 31 F-35 stealth fighter jets from American multinational Lockheed Martin in a deal worth some USD 3.5 billion, the company has said. The contract for the Joint Strike Fighters sets out a delivery of 30 planes for the US Air Force, Marine Corps and Navy as well as one ...

LIVERPOOL (AFP) Chinese businessman Kenny Huang on Friday ruled himself out of the running to buy English Premier League club Liverpool. Huang said in a statement that he and his Hong Kong-based investment company QSL Sports were pulling out of takeover talks with the Anfield club without giving ...

HARARE (AFP) - As visitors crowded round Daimon Phiris stall at Zimbabwes annual book fair, business seemed to be roaring for the fledgling publisher, but few people could afford to buy books. This year its busy in terms of people visiting, Phiri, who runs Tepp Publishers in the second city of ...

The Indian Navy is planning to buy Submarine Mine Laying Equipment (SMILE) to augment existing capabilities of its conventional fleet. It has issued a Request for Information (RFI) to vendors and manufacturers seeking details in this regard, a Navy officer said here, reported by an Indian News ...

Royal Bank of Scotland on Wednesday said it had agreed to sell its Pakistan unit to Faysal Bank for ?41m ($51m) after a previous attempt to sell the business collapsed. The sale of a 99.4 per cent stake in RBS Pakistan is part of a wider divestment of assets by RBS, which is majority-owned by the ...

LAHORE (PPI) - Punjab Assembly secretariat has decided to make foolproof security arrangements for MPAs hostels and sent proposals for buying the security gadgets for the coming provincial budget session 2010-11. The assembly secretariat will purchase CCTV cameras, road blockers and other necessary ...

KARACHI - The transaction price for controlling the major stakes of Pakistan Refinery Limited by Pakistan State Oil is evaluated at Rs16-17 billion. In terms of dollar, it would be close to around $19-200 million. This evaluation is based on the crude oil processing capacity of the PRL into variety ...

SIGNALLING better ties in the health sector, Pakistan has sought a mechanism for buying contraceptives directly from India instead of going through foreign agencies, reported Press Trust of India (PTI). According to Pakistani Population Welfare Minister Firdous Ashiq Awan, Islamabad does not ...

YANGCUN AIR BASE, China, (Reuters) - Four Chinese J-10 fighter jets banked and sported in perfect formation in the blue skies near Tianjin on Tuesday, before executing a neat landing, their braking parachutes billowing out just in front of a viewing stand filled with military attaches. Many of the ...

KARACHI - The race is on by the foreign and local investors to acquire business operations of the Royal Bank of Scotland (RBS Pakistan). Soneri Bank Limited, another financial institution from the domestic banking sector after Faysal Bank, has also expressed its intention to buy major stakes in RBS ...

KARACHI (APP) - Atlas Group has entered into an agreement with Suroor Investment Ltd (SIL) to sell 58.31 percent of its stake in Atlas Bank Ltd at Rs 4.5 per share. According to information despatched to Karachi Stock Exchange here Tuesday, Atlas Bank said that SIL has also entered into an ...

KARACHI - The acquisition deal of Royal Bank of Scotland, Pakistan by MCB Bank Limited has been lapsed due to acquirers failure in seeking approval from the apex regulators within the given time frame-work set by both parties in their shares purchase agreement signed on 12th August 2009, MCB said ...

ISLAMABAD (APP) - The European Union (EU) has asked Bangladesh and other developing countries to buy fabric from Pakistan to receive GSP facility to EU countries. According to a statement issued by the Ministry of Textile Industry on Saturday, Bangladesh has not given this facility to Pakistani ...

Afghan insurgents should be offered amnesties and removal from the coalitions wanted" list if they lay down their arms, says the British general charged with coaxing fighters away from their extremist leaders. Theres no question about it: amnesty would be part of this initiative, Lieutenant-General ...

Pakistans MCB Bank will pay around Rs7.5 billion to acquire the Pakistan operations of the Royal Bank of Scotland, a source with direct knowledge of the deal said on Monday. MCB Bank, the countrys largest bank in terms of market value, earlier said its board of directors had approved the proposed ...

KARACHI - City nazim Mustafa Kamal has ordered the purchase of two pairs of giraffe for Safari Park, sources revealed to The Nation on Monday. During his visit to the Safari Park on Sunday, city nazim reviewed the arrangements made for four baby elephants. He also directed the zoo administration ...

KARACHI - The Board of Investment (BoI) has arranged funds for Pakistan National Shipping Corporation (PNSC) to buy new ships in the next few months, sources told the Nation. According to the details, the PNSC asked the BoI to help it collect funds for the induction of new ships as their existing ...

Pakistan has cancelled a tender to import 50,000 tonnes of white sugar, an official of the state-owned Trading Corporation of Pakistan (TCP) and an industry official said on Monday. The tender, issued on April 30, was to have closed last Saturday but was cancelled on Friday, said the TCP official. ...

KARACHI - The Securities and Exchange Commission of Pakistan (SECP) has introduced a transparent and comprehensive procedure for closed-end scheme to buy-back its own certificates. According to SECP circular, the requirements for repurchase and resale have been framed in line with best ...

KARACHI - The food departments of the provinces and Passco are set to borrow a huge amount of about Rs60 billion from the banks to buy wheat, The Nation learnt on Friday. To meet the target of purchasing 6.20 million tons of wheat this year, the Food Departments of Punjab, Passco, Sindh Food ...